Is There More Upside Ahead For Apellis Pharmaceuticals Inc (NASDAQ: APLS)

Apellis Pharmaceuticals Inc (APLS) concluded trading on Thursday at a closing price of $28.06, with 5.51 million shares of worth about $154.71 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -33.19% during that period and on November 14, 2024 the price saw a loss of about -0.67%. Currently the company’s common shares owned by public are about 119.56M shares, out of which, 103.14M shares are available for trading.

Stock saw a price change of -2.37% in past 5 days and over the past one month there was a price change of 0.39%. Year-to-date (YTD), APLS shares are showing a performance of -53.12% which decreased to -41.71% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $24.34 but also hit the highest price of $73.80 during that period. The average intraday trading volume for Apellis Pharmaceuticals Inc shares is 2.41 million. The stock is currently trading 0.08% above its 20-day simple moving average (SMA20), while that difference is down -7.16% for SMA50 and it goes to -35.20% lower than SMA200.

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Apellis Pharmaceuticals Inc (NASDAQ: APLS) currently have 119.56M outstanding shares and institutions hold larger chunk of about 88.97% of that.

The stock has a current market capitalization of $3.49B and its 3Y-monthly beta is at 0.88. It has posted earnings per share of -$2.04 in the same period. It has Quick Ratio of 3.73 while making debt-to-equity ratio of 1.98. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for APLS, volatility over the week remained 4.29% while standing at 5.35% over the month.

Stock’s fiscal year EPS is expected to rise by 62.30% while it is estimated to increase by 53.85% in next year. EPS is likely to grow at an annualized rate of 33.30% for next 5-years, compared to annual growth of -13.70% made by the stock over the past 5-years.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by RBC Capital Mkts on October 25, 2024 offering a Sector perform rating for the stock and assigned a target price of $25 to it. On October 16, 2024, Scotiabank Initiated their recommendations, while on May 31, 2024, Piper Sandler Initiated their ratings for the stock with a price target of $46. Stock get a Buy rating from Jefferies on February 05, 2024.

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